{"id":92237,"date":"2025-11-04T14:45:31","date_gmt":"2025-11-04T11:45:31","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=87085"},"modified":"2025-11-04T14:45:31","modified_gmt":"2025-11-04T11:45:31","slug":"%d8%ac%d8%af%d8%a9-%d9%81%d9%8a-%d9%82%d9%84%d8%a8-%d8%a7%d9%84%d8%aa%d8%ad%d9%88%d9%84-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a-1000-%d9%88%d8%ad%d8%af%d8%a9-%d8%b3%d9%83%d9%86%d9%8a%d8%a9-%d9%81","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/92237\/","title":{"rendered":"Jeddah at the heart of real estate transformation 1000 new luxury housing units by 2030"},"content":{"rendered":"

The city is experiencing Grandma<\/a> <\/strong>Dubai is undergoing a qualitative real estate transformation, driven by ambitious development strategies and major projects that are reshaping the real estate landscape in one of the Kingdom's most prominent cities. This came during JLL's annual meeting, which brought together a group of industry leaders to monitor the economic reality and future trends in the housing, office, retail, and hospitality sectors.<\/p>\n

Speaking at the meeting, Saud Al Sulaimani, Regional Director and Head of Capital Markets at JLL Saudi Arabia, emphasized that Jeddah plays a central role in the Kingdom's Vision 2030, attracting capital through growing investment opportunities, and advancing through strategic projects that align with national goals and open up more opportunities for private sector participation, while construction costs are falling and the attractiveness of high-quality real estate assets is increasing.<\/p>\n

Luxury Housing Expansion\u00a0<\/strong><\/span><\/h4>\n

And in the sector Luxury housing<\/a><\/strong>The meeting revealed significant expansionary trends, with around 1,000 new \u201cbranded residences\u201d expected to be added by 2030, adding to the existing 400 or so. This type of project is experiencing continued growth, with global brands from outside the real estate sector, including automotive and fashion companies, becoming part of Jeddah's luxury real estate scene.<\/p>\n

The retail sector is on the verge of a real boom, with 310,000 square meters of leasable space expected to be added by 2025, equivalent to more than 10% of current inventory. These expansions are part of mixed-use developments that promote modern lifestyles and offer integrated environments that combine work, living and leisure. New business models such as \u201ccloud kitchens\u201d and \u201ddark stores\u201d are also gaining traction in Central Jeddah.<\/p>\n

A strong presence in the hospitality sector\u00a0<\/strong><\/span><\/h4>\n

Elsewhere, Jeddah continues to prove its strong presence in the hospitality sector, with a CAGR of over 6% between 2020 and 2025. Dr. Sara Kassem, Senior Vice President and Head of Hotels at JLL, asserts that the Kingdom's preparations to host the 2034 FIFA World Cup will spur unprecedented growth in the sector, building on the experiences gained during Qatar 2022.<\/p>\n

In the office landscape, high-end Class A office space remains the focus of investor interest, with limited supply and growing demand from local and international companies, driving the market towards high-quality assets and flexible office space solutions, according to Taimur Khan, JLL's Director of Research for the Middle East and Africa.<\/p>\n

Despite the continued growth, the real estate landscape does not hide several challenges, most notably the shortage of skilled labor, supply chain disruptions, high material costs, and the regulatory and financial complexities associated with major projects. However, these challenges are being offset by a package of government reforms, including tax incentives, developing regulatory frameworks, and encouraging public-private partnerships (PPPs).<\/p>\n

Maroun Deeb, Head of Project and Development Services at JLL, emphasized that new technologies such as modular construction and advanced financing models, as well as the Public Investment Fund's growing role in leading mega projects such as Expo 2030 and King Salman International Airport, are helping to create a real estate market capable of absorbing international investments and ensuring flexible implementation.<\/p>\n

In light of these developments, Jeddah continues to consolidate its position as a key driver of real estate investment in the Kingdom and an attractive center for ambitious projects, especially as it becomes a global gateway that supports economic diversification and receives major projects on the path of Vision 2030.<\/p>","protected":false},"excerpt":{"rendered":"

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